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Message: <blockquote data-quote="Pstmstr" data-source="post: 4029774" data-attributes="member: 51164">Why is it better to carry student loans? What other debt is better than having no debt? I understand the argument of low interest debt versus earning more with investment interest but what else? Please don’t tell me mortgage interest deduction either. Some people think the government is going to forgive student loans. I believe people should pay the money back they agreed to when they signed the loan paperwork. I do think student loan lenders and credit card companies are predatory. I agree a high yield savings account is the best place for the emergency fund. I’m a Dave Ramsey listener and he’s helped a whole bunch of people get out of debt, including me. A lot of people don’t factor in risk when they take on debt. They think if they can make the payments everything is fine, until they can’t. I‘ve made about every possible mistake with money a person can make and it’s taken me a long time to learn to avoid all debt. Some people think they have a plan that works to their advantage and others justify why they have debt. I’m at a point in my life now where I’m trying to help people not make some of the mistakes I made. When you think about it, I bet less than 5% of the forum users here could honestly tell you where they spent every dollar last month. Americans have more debt than ever before and it’s getting worse. How many of us could go 6 months without any income?  Not many I’m guessing. I’m sure we also have several millionaires as members. Maybe one or 2 of them will chime in. I could have been one if I hadn’t spent all that money on stuff I didn’t need. Maybe I’ll live long enough to get there now that I’ve learned my lesson.</blockquote>

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